Hi I have affin bank fd also gives ending 0.99 which is kind of strange. But me lazy to argue. One thing is not all banks go by the formula of exact days for interest. Eg citibank will show you the resulting fd interest when mature, they just use the basic principal x interest rate. No number of days for that 12 months. Best if you need to abide by principle is to ask everytime you place the fd for them to tell you the total interest rate. Rather than waste your time to go argue especially if you have taken the interest already when matured.

I am a long time citibank customer, tbh 3.5% sounds too good to be true. I managed to get 2.7% for 1 year fresh fund FD via approval, I thought that was the best rate in Feb 2022?

Anyway the process of converting to UOB is lengthy, that said even if converted it should not have any changes to your current credit card or bank account. I suspect those existing products will be phased into UOB products and slowly transit from there. A few years process that should not have any inconvenience to the customer. That said don't bomb me if this is not the case.

Max placement only 50k...

Invita a bit higher. 3 years 3.5%, I am very tempted. 19 to 24 months 3.25%. 12 months 3.15%. OTC.

Hi my CIMB RM is on leave. The cimb 3.25% you posted for 18 months, any hidden clause or pure Fresh Fund big amount can get 3.25%? Currently this cimb 3.25% looks best.

Citibank 12 months 2.8%.

Sounds too good to be true for pure FD even with min 400k FF. I just contacted my RM and no such deal. Perhaps your RM got special approval for you, ie branch specific.

I put in lately big amount into cimb preferred 2.6% for 3 months. Seeing how interest rate going up, will only lock down after the next opr rate.

Also seems bond rates going up, but I still stick to FD for now first. Citibank can give special rate if amount high for 6 months. Please request if you need it.

The answer is no. But there's a way around it. I can't remember exactly the method but I think is auto renew instructions (please check with affin) for the FD, then Mon you go take it out you will get the interest for Sat and Sun too.

AFAIK，for my case only rm10 every 6 months for admin fee. Other than that nothing. I did not even take the debit card. And definitely no need to take the credit card.

CIMB

TERM INVESTMENT ACCOUNT-I (TIA)

Offering Period: Starting from 19 Sept 2022
Minimum: RM10k

Tenor: 3M
💰 2.85% p.a.

Tenor: 6M
💰 3.05% p.a.

Tenor: 12M
💰 3.55% p.a.

SCB now (few weeks ago started) have Priority banking promotion, 6 months 4%. New to bank only.

Actually a lot of debate on 60 months FD. In the past I may put that. Now with the interest rate ALL taken back if you make early withdrawal, I might as well go for A grade corporate bond at 4% and above of 3 to 5 years.

Wow this promotion is simply amazing. But anyone checked with MBSB on this promotion? I would assume the deposit in CASA PrimeWin account cannot be taken out, ie locked in, for the FD period. Kind of strange to see 12 months for Combo A and B there's a difference of 0.05% despite being same thing?

This 18 months 4.05% effective rate look too good. Can people who opened MBSB account before share their experience? I will go down next week to find out more. Crazy MBSB, promotion started 1st Sep meaning even before the OPR hike. I wonder any catch in this promotion...

Kind of strange.

Normally the new FD rates will come up very fast especially now year end. They need the money to make paper position looks good. But this time round seems quite slow.

MBSB rate looks best, but given the feedback plus 2 days cheque clearance plus even have to go back again, I might give it a miss. Go all in shares.... Oct then see what's the rate.

Wanted to post my experience in MBSB.

Like what folks posted here, the guy says the whole account creation process takes 1 to 2 hours and cheque clearance/transfer etc you have to be present to make withdrawal then make FD. A bit strict on the rules. As my place to the nearest branch is almost 50 mins drive, I decided to move my money to stock market for now. Hope the rest of the banks catch up with FD soon, if not I may eventually have to apply for account online then go down twice. The branch I went to even has two reserved parking space for ALL MBSB customers lol.

For those interested, Citibank now offering 6 months 3.1%.

Seems like this 4.8% need to be new customer with referral, at least this is what my rm said. If you deposit cheque etc, they can backdate for you. ie once cheque cleared they issue the fd on the day you deposit.

This 4.8% is too good. Too bad I am current Citigold and my RM refuses to apply for waiver to get 4.8%...

I don't know, don't bother to ask once I know I can't qualify. I put my FDs into 1 month CIMB at 2.25% waiting for the Nov BNM decision... Will apply online for the MBSB account... 4.05% too hard to resist despite needing to go two times.

I am putting only 1 month and lazy to move fund around, previous FD is CIMB. And I don't have KDI account.

Yeah man, thanks I know. Been putting in there previous 3 months. Need to put 1 month and amount is rather large. Now thinking to go stocks or FD, still have money in brokerage haven't pull the trigger. Waiting...

Once Nov BNM decision out I will put in for a long while...

What do you guys think about this? From CIMB

‼️ *Foreign Currency Fixed Deposit: 外汇定期* !!

*12M Interest 12个月利息*
📊 *USD美金*: 4.75%💰
📊 *SGD新币* :3.80%💰
📊 *AUD澳币* :3.75%💰

*Why FCFD? 原因*
📌 have multiple currency as hedge of country risk 拥有多元化货币以便分散
📌Malaysian Ringgit long trend depreciation 马币长期贬值
📌 Flexible choice of tenure 多选择时长

Looks like rates very good. Though the exchange rate sucks, but ringgit indeed on downtrend and if there's a recovery, aussie looks good considering their natural resources.